128 Morley AveNogales, AZ 85621

Property Details for 128 Morley Ave

Year built

1946

Construction

CONCRETE

Lot size

0.22 AC

Property size (Sq ft)

16,716 SF

Property type

Retail properties

Property subtype

Retail space

APN

101-47-007

APU

10147007

Description

This exceptional commercial land opportunity in Nogales, Arizona, presents a unique investment prospect. Located at 128 N Morley Avenue, this 0.22-acre parcel boasts a substantial 16,716 square feet of developable space. The property's zoning allows for a wide range of commercial uses, making it ideal for entrepreneurs and investors seeking a strategic foothold in a dynamic market. Situated in the vibrant city of Nogales, this location offers excellent visibility and accessibility, ensuring high potential for attracting customers and maximizing return on investment. The property's size provides ample room for various development projects, from retail spaces to light industrial facilities. With its strategic location and significant square footage, this property represents a rare chance to acquire a prime commercial asset in a growing area. The asking price is $750,000. This is a blank canvas for your next commercial venture. The property is conveniently located in Santa Cruz County, Arizona, with the zip code 85621. Its coordinates are 31.334315 latitude and -110.9399854 longitude. This presents a compelling opportunity for those seeking a high-impact commercial investment in a thriving community. The property is classified as Special Purpose land with a commercial subtype. No existing buildings or units are present on the site.

• CAP approach

  CAP return

  Valuation

  6%

  $3,297,632

  6.5%

  $3,043,968

  7%

  $2,826,542

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,009,487

  Geo Method

  $7,009,487

• Alternative Use

  Use

  Valuation

  Residential

  $2,567,701

  Hospitality

  $2,352,000

  Educational

  $1,956,837

  Medical

  $2,024,135

  Retail

  $3,043,968

Location Insight

City

Nogales

County

Santa Cruz

State

Arizona

Latitude

31.3343

Longitude

-110.94

CBSA code

35700

CBSA name

NOGALES, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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